Citadel CEO Ken Griffin told Semafor Wednesday that there are ‘no great opportunities’ in today’s rattled markets.

Donald Trump is moving too fast, alienating allies, making Americans poorer, and tarnishing the sterling reputation of US assets, Citadel CEO and founder Ken Griffin said Wednesday.

Though the president may have identified real problems, his methods to solve them don’t appear to be working, and are unlikely to revive American manufacturing, Griffin told Semafor’s Gina Chon at the World Economy Summit in Washington, DC.

Previously, Griffin said, “no brand compared” to US Treasurys, the strength of the US dollar, or the nation’s creditworthiness. But Trump’s tactics have “eroded” that reputation.

  • Zombiepirate@lemmy.worldEnglish
    2·
    9 hours ago

    I think it’s pretty naïve to think that oligarchs are benevolent, and at least we have a say on how government money gets spent.

    What we have now is billionaires rigging the system in their favor; like I said, that kind of wealth disparity is inherently destabilizing to society, and they accumulated it through exploitation.

    Finally, if the people could spend the money better than the government, why do we have taxes at all? It’s because there are things that we need to address as a society instead of relying on charity that may or may not come.